Kalshi Launches First-Ever Perpetual Futures in America

First Product Beyond Event Contracts Marks Evolution to Next-Gen Derivatives Exchange

NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial market, today announced the launch of perpetual futures contracts, making Kalshi the first company in American history to offer perpetuals. U.S. investors will soon be able to access crypto perpetual futures on Kalshi's platform, fully regulated by the Commodity Futures Trading Commission (CFTC).

Perpetual futures are Kalshi's most significant product expansion since the introduction of event contracts and reinforce the company's position as a full-service financial exchange.

Instead of tracking prices pegged to a specific date, which introduces additional complexity, perpetuals are a form of futures contract that simply tracks whether or not the price of an asset goes up or down. Offshore perpetuals have grown from $28 trillion in annual volume in 2023 to over $90 trillion in 2025, making them one of the fastest-growing asset classes ever — and one that has been entirely closed off to American institutions until now.

"This marks Kalshi’s evolution from prediction market leader to next-gen derivatives exchange," said Tarek Mansour, CEO of Kalshi. "Onshore, safe, and regulated perps will improve capital allocation and risk management for countless American businesses."

Pending regulatory reviews, Kalshi aims to launch crypto perpetuals on more than a dozen currencies. Perpetual futures on agricultural commodities will not be part of Kalshi’s product offerings.

Funding rates are charged every eight hours and are visible in transaction history. A full fee schedule and product documentation are available at kalshi.com.

About Kalshi 

Founded in 2018, Kalshi is the largest prediction market in the world, offering financial markets on the outcome of real-world events such as economic releases, political events, commodity prices, and more. Kalshi is the industry leader and pioneer, widely credited with legalizing prediction markets and building a safe, legal, regulated platform for millions of traders in America. To learn more, visit www.kalshi.com.